Tulare County New Home Permits Up 25 Percent From Last Year – Double The Number From 2012.
New single family home permits number 1045 in Tulare County according to Construction Monitor,a 25% improvement over the same period last year. Last year the county saw 831 sf permits issued.In terms of valuation we stand at $223.7 million as of December 20 compared to $173.7 million for the same period in 2013. Tulare County jurisdictions like much of the nation has been slowly climbing out of a home building rut that hit around 2009. In 2013 the county issued 795 sf home permits and in 2012 it was down to 544. Now that pace has doubled with the economic recovery.
Kern Oil Falls To $29
Midway Sunset oil from Kern County sold for under $30 barrel this week at $29.93, the lowest price in years. The low price, based on a worldwide glut, has idled workers at a number of the county’s oil operations with layoffs numbering more than 700 at last measure. Ironically the news comes as California motorists are paying about a dime more for gasoline than a week ago based on refinery issues.
Non Farm Jobs Up In Tulare County
The unemployment rate in the Tulare County was 11.1 percent in November 2015, up from a revised 10.8 percent in October 2015, and below the year-ago estimate of 12.4 percent.A closer look sees the month’s rise largely due to seasonal farm employment layoffs wile nonfarm jobs month over month increased by 1200.Year over year nonfarm jobs are up 1600.